If Dawson prefers pizza to hamburgers and hamburgers to hot dogs, then if preferences are transitive
A) she must prefer pizza to hot dogs.
B) she could prefer hamburgers to pizza on some occasions but not hot dogs to pizza.
C) she could prefer hot dogs to pizza on some occasions but not hamburgers to hot dogs.
D) at times she could be indifferent among the three items.
A
Economics
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In developed industries, the interest rate tends to be lower than in newer industries. What could explain this?
A) greater demand for loans in the developed industry B) greater supply for loans in the new industry C) greater demand for loans in the new industry D) lower supply for loans in the developed industry
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The factor that most often leads to under pricing and overuse of an economic resource is human greed
a. True b. False Indicate whether the statement is true or false
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